Exhibit 99.12
(Text of graph posted to Ashland Inc.'s website concerning
Valvoline's gross profit)
3 Month Rolling Average (%)
2001 2002 2003 2004 2005 2006
------ ------ ------ ------ ------ ------
January 23.1 26.4 26.6 27.5 26.7 21.4
February 24.0 27.3 26.8 27.4 27.4 21.6
March 27.4 28.9 27.2 27.7 28.3 22.0
April 29.6 30.0 26.8 28.3 28.8 21.4
May 29.3 30.1 27.7 28.5 28.1 20.4
June 28.5 29.5 28.5 28.7 25.9 20.2
July 27.9 29.4 29.7 29.1 25.4 19.6
August 28.5 29.4 29.8 29.6 25.6 19.0
September 28.0 30.3 28.7 28.5 25.4 16.0
October 26.8 29.0 28.1 27.7 24.5 17.9
November 26.0 28.2 27.5 26.4 23.0
December 25.2 26.1 28.3 26.8 22.1
12 Month Rolling Average (%)
2001 2002 2003 2004 2005 2006
------ ------ ------ ------ ------ ------
January 26.4 27.7 28.8 28.1 28.0 25.1
February 26.4 27.8 28.7 28.1 28.0 24.7
March 26.7 27.7 28.3 28.3 28.1 23.9
April 27.0 27.8 28.0 28.4 28.1 23.2
May 26.9 28.0 28.0 28.3 27.9 22.6
June 27.0 28.0 28.1 28.3 27.4 22.4
July 26.9 28.2 28.1 28.3 27.2 21.7
August 27.0 28.3 28.2 28.3 26.9 20.9
September 27.1 28.6 27.7 28.3 26.6 19.9
October 27.0 28.8 27.8 28.2 26.4 20.0
November 27.1 28.8 28.0 28.0 26.0
December 27.3 28.8 28.2 27.9 25.5